Where should the executed date of the Area Development Agreement be indicated on the Deka Lash receipt?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISOR DEVELOPER DL Franchising, LLC (Name of corporation, partnership, limited d/b/a Deka Lash liability company or other legal entity or individually if blank) Signature: Signature: Name: Name: Title: Title: Date: Date:
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, the executed date of the Area Development Agreement should be indicated on the receipt in the section designated for the franchisor and developer signatures. Specifically, there are labeled lines for 'Date' under both the 'Franchisor' and 'Developer' signature blocks. This is where the agreement's execution date should be recorded.
For a prospective Deka Lash area developer, this means ensuring that the date the agreement is officially signed is clearly documented on the receipt. This date is crucial as it marks the commencement of the agreement's term and dictates the timeline for development obligations. Accurate dating protects both the franchisor and the developer by providing a clear reference point for all subsequent activities and deadlines outlined in the agreement.
It is important to note that the signatures of all individuals, including any guarantors, also constitute their personal agreement to perform all obligations related to the Area Development Agreement. This includes the obligation to make specified payments and cover any debts owed to Deka Lash. Therefore, ensuring all required parties sign and date the agreement correctly is essential for its enforceability and to avoid potential disputes down the line.